Auctioneer Defends The Onion's Bid For Infowars In Court
Source: Huff Post/AP
Dec 10, 2024, 05:37 AM EST
A bankruptcy judge scrutinizing The Onion’s bid for Alex Jones ’ Infowars platform was expected to hear a second day of testimony Tuesday after an auctioneer defended the satirical news outlet’s winning offer in November. It is not clear how quickly U.S. Bankruptcy Judge Christopher Lopez in Houston will decide whether to approve the bid.
The Onion, which wants to turn Infowars’ website and social media accounts into parodies, offered $1.75 million for Infowars’ assets in the auction. Jones did not attend Monday’s start of the key hearing and instead continued to broadcast from his studios in Austin.
Jeff Tanenbaum, president of ThreeSixty Asset Advisors, was grilled by lawyers for Jones and the company in a Houston courtroom on Monday over how The Onion’s bid came to be valued at $7 million and why a live auction was not held. He defended both the value of the bid and its selection after the two sealed offers were opened.
Lopez could ultimately decide whether to void The Onion’s bid, name the Jones-affiliated company the winner or hold another auction, among other possibilities.
Read more: https://www.huffpost.com/entry/newtown-shooting-infowars_n_67580bcbe4b013f1cf6505df
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